Eagle Lake Regional Health Center

Eagle Lake Regional Health Center reports significant negative revenue and dwindling assets.

EIN: 10371991 · Eagle Lake, ME · NTEE: E32Z · Updated: 2026-03-28

$322KRevenue

$8KAssets

45/100Mission Score (Fair)

E32Z

About Eagle Lake Regional Health Center

Eagle Lake Regional Health Center (EIN: 10371991) is a nonprofit organization based in Eagle Lake, ME, classified under NTEE code E32Z. The organization reported total revenue of $322K and total assets of $8K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eagle Lake Regional Health Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Eagle Lake Regional Health Center exhibits a concerning financial trend, with its latest filing showing a significant negative revenue of $-171,707 against expenses of $16,906. This indicates a substantial loss for the period. While the organization's assets have decreased significantly from a high of $695,406 in 2012 to $8,005 in 2019, its liabilities have also seen a substantial reduction, suggesting some debt management. The consistent reporting of 0% officer compensation across all available filings indicates good stewardship regarding executive pay, especially for an organization of its size and financial state. However, the overall financial health appears precarious given the negative revenue and dwindling asset base.

The spending efficiency is difficult to fully assess without a detailed breakdown of expenses into program, administrative, and fundraising categories. However, given the negative revenue and low expenses in the latest period, it suggests either minimal operations or a significant restructuring. The organization's transparency is generally good, with 8 filings available, allowing for a historical view of its financial trajectory. The consistent reporting of officer compensation as zero is a positive indicator of transparency in this specific area.

Overall, the organization appears to be in a challenging financial position, marked by declining assets and recent negative revenue. While executive compensation is not a concern, the sustainability of its operations given the current financial trends warrants closer scrutiny. The significant drop in assets from over $600,000 to just $8,005 over several years is a major red flag.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Eagle Lake Regional Health Center with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Eagle Lake Regional Health Center allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees received compensation, which is commendable for an organization of this size, especially given its financial challenges.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Eagle Lake Regional Health Center's IRS 990 filings:

Significant negative revenue of $-171,707 in the latest filing period (201906).
Dramatic decline in assets from $695,406 in 2012 to $8,005 in 2019.
Consistent revenue decline over multiple periods prior to the negative revenue.
Low current asset base ($8,005) relative to historical figures, raising concerns about long-term sustainability.

Strengths

The following positive indicators were identified for Eagle Lake Regional Health Center:

Consistent reporting of 0% officer compensation across all filings, indicating no executive pay.
Significant reduction in liabilities from $445,417 in 2012 to $117 in 2019, demonstrating effective debt management.
Multiple years of IRS 990 filings available, providing historical financial transparency.

Frequently Asked Questions about Eagle Lake Regional Health Center

What caused the significant negative revenue of $-171,707 in the 2019 period?

The filings do not provide specific details on the cause of the negative revenue, but it suggests a substantial financial loss or a significant accounting adjustment during that period.

What is the current operational status of Eagle Lake Regional Health Center given its low assets and negative revenue?

With assets of only $8,005 and negative revenue, the organization's operational capacity appears severely limited, potentially indicating a winding down of activities or a very minimal operational footprint.

How did the organization manage to reduce its liabilities from $445,417 in 2012 to $117 in 2019?

The significant reduction in liabilities suggests successful debt repayment or restructuring, which is a positive financial management aspect despite the overall decline in assets and revenue.

Filing History

IRS 990 filing history for Eagle Lake Regional Health Center showing financial trends over 8 years of public records:

Over 8 years of IRS 990 filings (2012–2019), Eagle Lake Regional Health Center's revenue has declined by 570%, moving from $37K to $-171,707. Total assets decreased by 98.8% over the same period, from $695K to $8K. Total functional expenses fell by 64.7%, from $48K to $17K. The organization holds $117 in liabilities against $8K in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $8K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2019	$-171,707	$17K	$8K	$117	—	View 990
2018	$13K	$20K	$541K	$345K	—	View 990
2017	$13K	$21K	$567K	$364K	—	View 990
2016	$13K	$22K	$593K	$381K	—	View 990
2015	$13K	$23K	$619K	$399K	—	View 990
2014	$14K	$24K	$644K	$415K	—	View 990
2013	$36K	$46K	$670K	$430K	—	View 990
2012	$37K	$48K	$695K	$445K	—	View 990

Year-by-Year Financial Summary

2019: Revenue of $-171,707, expenses of $17K, and assets of $8K (revenue -1398.3% year-over-year).
2018: Revenue of $13K, expenses of $20K, and assets of $541K (revenue -0.1% year-over-year).
2017: Revenue of $13K, expenses of $21K, and assets of $567K (revenue -0.6% year-over-year).
2016: Revenue of $13K, expenses of $22K, and assets of $593K (revenue -1.2% year-over-year).
2015: Revenue of $13K, expenses of $23K, and assets of $619K (revenue -1.0% year-over-year).
2014: Revenue of $14K, expenses of $24K, and assets of $644K (revenue -61.9% year-over-year).
2013: Revenue of $36K, expenses of $46K, and assets of $670K (revenue -2.1% year-over-year).
2012: Revenue of $37K, expenses of $48K, and assets of $695K.

Data Sources and Methodology

This transparency report for Eagle Lake Regional Health Center is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.